The Goodyear Tire & Rubber Comp with ticker code (GT) now have 7 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 30 and 15 and has a mean target at 23.57. Now with the previous closing price of 16.02 this now indicates there is a potential upside of 47.1%. The 50 day MA is 21.2 and the 200 moving average now moves to 18.98. The company has a market capitalisation of $4,709m. Company Website: https://www.goodyear.com
The potential market cap would be $6,929m based on the market concensus.
The Goodyear Tire & Rubber Company, together with its subsidiaries, develops, manufactures, distributes, and sells tires and related products and services worldwide. It offers various lines of tires for automobiles, trucks, buses, aircraft, motorcycles, earthmoving equipment, and mining and industrial equipment under the Goodyear, Cooper, Dunlop, Kelly, Debica, Sava, Fulda, Mastercraft, Roadmaster, and various other house brands, as well as under the private-label brands. The company also retreads truck, aviation, and off-the-road tires; manufactures and sells tread rubber and other tire retreading materials; sells chemical and natural rubber products; and provides automotive and commercial truck maintenance and repair services, and miscellaneous other products and services. It operates approximately 1,000 retail outlets, which offer products for retail sale, and provides repair and other services. The company sells its products worldwide through a network of independent dealers, regional distributors, retail outlets, and retailers. The Goodyear Tire & Rubber Company was incorporated in 1898 and is headquartered in Akron, Ohio.
